Real Estate 360 Live With Louis Cammarosano 12/3/12

Posted by: Louis Cammarosano on December 7th, 2012

On Monday December 3, 2012, Louis Cammarosano, General Manager of HomeGain, was a guest on the Real Estate 360 Live radio show on The Big Talker 1580 WHFS AM, hosted by Ryan Sloper.

Listen to the show.

Part 1 (13:19)

Ryan and Louis discuss the fiscal cliff. Ryan predicts that they will “kick the can down the road”. Ryan notes the proposal by Treasury Secretary Geithner made on behalf of the President to allow the President to unilaterally by pass Congress and raise the debt ceiling.

Louis notes that such a proposal is unconstitutional as Congress is in charge of the allocation of spending.Louis notes that politicians do not want to spend money responsibly but rather want to blame someone else for any cuts in spending. Louis describes the current situation as a “splendid mess”

Ryan notes that news of the fiscal cliff dominates the news cycle but was not mentioned at all during the Presidential election.

Louis notes that even if the fiscal cliff is not avoided and a deal not struck, it will be soon. Louis predicts that even if the tax increases kick in automatically the IRS may not take out the increased with holdings while Congress comes up with a tax cut and that Congress would re-institute any spending cuts.

Louis notes that fiscal cliff will be avoided one way or another and that the deficit will not be cut in any meaningful way.

Louis notes that with the massive amount of US debt there may be no point in either cutting spending or raising taxes as the bulk of the deficit will be covered merely by printing money.

Louis notes that taxing the rich is a sticking point for the Democrats and the President which indicates that people would rather see the money of the wealthy in the hands of the government even if there is waste fraud and abuse in the government.

Louis notes that its possible when you raise tax rates you could lose tax revenues as the rich may invest less in their businesses less and make less money so overall they will be fewer dollars in taxes.

Louis notes that the Fed not only prints money to pay off foreign creditors and investors but also prints money to buy US treasuries to fund the US deficits.

Louis notes that the Fed is not just the buyer of last resort of US treasuries but increasingly the only buyer as they are not buying 70%+ of all US treasuries with money printed out of thin air.

Part 2 (12:25)

Ryan and Louis discuss why they talk about current events, the Federal Reserve, the fiscal cliff, student loans and other topics when the show is supposed to be about real estate. Louis and Ryan note what goes on in the economy has an impact on the real estate market.

Louis notes that as part of the fiscal cliff negotiation the elimination of mortgage interest rate deduction may be discussed.

Part 3 (12:27)

Ryan reviews the upcoming economic reports. Ryan and Louis discuss the direction of mortgage interest rate. Louis note that if the US does not go over the fiscal cliff and reaches a “grand bargain”, the rating agencies may down grade the US debt and such a result could cause interest rates to rise.

Louis notes that is there is a major event to cause investors to question the creditworthiness of the US, rates will rise irreversibly.

Ryan notes the importance of working with a qualified real estate agent. Louis agrees and discusses HomeGain’s Find a Realtor product

Part 4 (11:34)

Ryan runs through some credit management tips

Listen to other Real Estate Radio shows with Louis Cammarosano

Listen to the Real Estate Radio show of November 26, 2012

Listen to the Real Estate Radio show of November 19, 2012

Listen to the Real Estate Radio show of November 5, 2012

Listen to the Real Estate Radio show of October 22, 2012

Listen to the Real Estate Radio show of October 15, 2012

Listen to the Real Estate Radio show of October 1, 2012

Listen to the Real Estate Radio show of September 24, 2012

Listen to the Real Estate Radio show of September 17, 2012

Listen to the Real Estate Radio show of September 10, 2012

Listen to the Real Estate Radio show of August 27, 2012

Listen to the Real Estate Radio show of August 20, 2012

Listen to the Real Estate Radio show of August 13, 2012

Listen to the Real Estate Radio show of August 6, 2012

Listen to the Real Estate Radio show of July 30, 2012

Listen to the Real Estate Radio show of July 23, 2012

Listen to the Real Estate Radio show of July 16, 2012

Listen to the Real Estate Radio show of July 9, 2012

Listen to the Real Estate Radio show of July 2, 2012

Listen to the Real Estate Radio show of June 25, 2012

Listen to the Real Estate Radio show of June 18, 2012

Listen to the Real Estate Radio show of June 11, 2012

Listen to the Real Estate Radio show of June 4, 2012

Listen to the Real Estate Radio show of May 14, 2012

Listen to the Real Estate Radio show of May 7, 2012

Listen to the Real Estate Radio show of April 30, 2012

Listen to the Real Estate Radio show of April 23, 2012

Listen to the Real Estate Radio show of April 16, 2012

Listen to the Real Estate Radio show of April 9, 2012

Listen to the Real Estate Radio show of March 26, 2012

Listen to the Real Estate Radio show of March 19, 2012

Listen to the Real Estate Radio show of March 12, 2012

Listen to the Real Estate Radio show of February 27, 2012

Listen to the Real Estate Radio show of February 13, 2012

Listen to the Real Estate Radio show of February 6, 2012

Listen to the Real Estate Radio show of January 30, 2012

Listen to the Real Estate Radio show of January 23, 2012

Listen to the Real Estate Radio show of January 9, 2012

Listen to the Real Estate Radio show of November 14, 2011

Listen to the Real Estate Radio show of November 7, 2011

Listen to the Real Estate Radio show of October 31, 2011

Listen to the Real Estate Radio show of October 24, 2011

Listen to the Real Estate Radio show of October 17, 2011

Listen to the Real Estate Radio show of October 10, 2011

Listen to the Real Estate Radio show of October 3, 2011

Listen to the Real Estate Radio show of September 26, 2011

Listen to the Real Estate Radio show of September 19, 2011

Listen to the Real Estate Radio show of August 29, 2011


Listen to the Real Estate Radio show of August 15, 2011

Listen to the Real Estate Radio show of August 8, 2011

Listen to the Real Estate Radio show of July 25, 2011

Listen to the Real Estate Radio show of July 11, 2011

Listen to the Real Estate Radio show of June 27, 2011

Listen to the Real Estate Radio show of June 20, 2011

Listen to the Real Estate Radio show of June 13, 2011

Listen to the Real Estate Radio show of June 6, 2011

Listen to the Real Estate Radio show of May 23, 2011

Listen to the Real Estate Radio show of May 16, 2011

Listen to the Real Estate Radio show of May 9, 2011

Listen to the Real Estate Radio show of May 2, 2011

Listen to the Real Estate Radio show of April 25, 2011

Listen to the Real Estate Radio show of April 18, 2011

Listen to the Real Estate Radio show of April 11, 2011

Listen to the Real Estate Radio show of March 21, 2011

Listen to the Real Estate Radio show of March 14, 2011

Listen to the Real Estate Radio show of February 28, 2011

Listen to the Real Estate Radio show of January 24, 2011

Listen to the Real Estate Radio show of November 29, 2010

Listen to the complete archive of Louis Cammarosano on Real Estate Radio shows

Real estate radio interviews also available on Youtube

About the Real Estate Radio Network

The Real Estate Radio Network® is a nationwide alliance of real estate related professionals with a common objective: delivering the timely truth about local Real Estate Markets over local radio stations.

The Real Estate Radio Network brings hard-working and ethical professionals in a community together. We provide the media and forum necessary for Consumers to learn the truth about important aspects of their financial life, which is mostly centered around their biggest investment, the home they live in. The Real Estate Radio Network® brings each radio program to the audience with a “live and local” show hosted by well-respected members in the local Real Estate and Financial community.

About Ryan Sloper

As a highly motivated mortgage consultant, with more than nine years of mortgage lending experience, Ryan Sloper has acquired a solid understanding of the local and national real estate markets. Ryan has been investing in residential and commercial real estate for the last 5 years, where he has first hand knowledge of what it takes to be a successful real estate investor. Ryan also hosts a weekly radio show, Real Estate Radio, which airs every Monday on 1580 AM in the Washington, DC Metro Area. Real Estate Radio also streams live nationally @ http://whfs.cbslocal.com/shows/real-estate-radio-with-ryan-sloper/

Louis Cammarosano

Share

Comments

4 Comments on “Real Estate 360 Live With Louis Cammarosano 12/3/12”

Craig Kucera

Your comments were very thoughtful. In line with that, I’d be interested in your thoughts on the November monthly jobs report. The report came in with a consistent theme in which the unemployment rate dropped again because so many people dropped out of the labor force. Do you have any thoughts on this conundrum?

Louis Cammarosano

Thanks
You are correct that the unemployment number (like the inflation numbers) are meaningless without an explanation. More people can be out of work and the unemployment rate can drop.

We have covered this on prior shows and we will cover the latest employment report on Monday’s show.

Derek Patterson

A few years ago, you had to be patient when selling a house/condo. Today, well, it’s a different story, as inventory in the area plunges and sales spike. Prices haven’t quite kept up with demand. They’re still a little stagnant, depending on the neighborhood and/or town. But that will change soon.

Maria

This is a nice radio show.. I usually listen to it.

Leave a Comment

 

For Real Estate Agents

Online Marekting Solutions

For Home Buyers and Sellers

e.g., 1250 S Main St, Burbank, CA or 91506
     Search Foreclosures    Search New Homes    Search Rentals    

Blog Categories

Blog Archives

Real Estate Blogs

Top Articles

Recent Comments

Guaranteed LeadsReferral Lead ProgramListings PackageVisits to your WebsiteFind REALTOR®Homes For SaleHome Values